SQUARE VALLEY: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
SQUARE VALLEY
Largest movements
- Receivables within one year +€30,267
up €30,267 (+14.4%), from €210,081 to €240,348
of which Other amounts receivable: +€90,400
- Tangible fixed assets -€4,076
down €4,076 (-68.5%), from €5,946 to €1,870
of which Furniture and vehicles: -€2,428
- Debts after one year -€43,303
down €43,303 (-77.3%), from €56,003 to €12,700
- Trade debts +€36,476
up €36,476 (+25.4%), from €143,495 to €179,971
- Contributions +€34,812
up €34,812 (+96.7%), from €36,000 to €70,812
- Other debts +€24,830
up €24,830 (+5046.8%), from €492 to €25,322
- Tax, wage and social debts -€22,421
down €22,421 (-92.5%), from €24,244 to €1,823
- Gross operating margin -€63,233
down €63,233 (-93.6%), from €67,565 to €4,332
- Write-downs -€9,297
no longer reported in 2024 (was €9,297)
- Taxes -€8,982
down €8,982 (-71.7%), from €12,526 to €3,544
- Financial charges -€7,478
down €7,478 (-69.7%), from €10,734 to €3,256
- Depreciation -€4,770
down €4,770 (-82.5%), from €5,782 to €1,013
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €345,859 | €376,227 | +€30,368 | +8.8% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €10,611 | €6,535 | -€4,076 | -38.4% |
| Tangible fixed assets | 22/27 | €5,946 | €1,870 | -€4,076 | -68.5% |
| Plant, machinery and equipment | 23 | €1,648 | €0 | -€1,648 | -100.0% |
| Furniture and vehicles | 24 | €4,298 | €1,870 | -€2,428 | -56.5% |
| Financial fixed assets | 28 | €4,665 | €4,665 | = | 0.0% |
| Current assets | 29/58 | €335,248 | €369,692 | +€34,444 | +10.3% |
| Amounts receivable after more than one year | 29 | €124,100 | €124,100 | = | 0.0% |
| Other amounts receivable | 291 | €124,100 | €124,100 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €210,081 | €240,348 | +€30,267 | +14.4% |
| Trade receivables | 40 | €160,607 | €100,474 | -€60,133 | -37.4% |
| Other amounts receivable | 41 | €49,474 | €139,873 | +€90,400 | +182.7% |
| Cash at bank and in hand | 54/58 | €1,067 | €3,195 | +€2,127 | +199.4% |
| Deferred charges and accrued income | 490/1 | - | €2,050 | +€2,050 | |
| Total equity and liabilities | 10/49 | €345,859 | €376,227 | +€30,368 | +8.8% |
| Equity | 10/15 | €108,354 | €145,706 | +€37,352 | +34.5% |
| Contributions | 10/11 | €36,000 | €70,812 | +€34,812 | +96.7% |
| Reserves | 13 | €7,081 | €7,081 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,081 | €7,081 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,081 | €7,081 | = | 0.0% |
| Profit (loss) carried forward | 14 | €65,273 | €67,812 | +€2,540 | +3.9% |
| Amounts payable | 17/49 | €237,505 | €230,522 | -€6,984 | -2.9% |
| Amounts payable after more than one year | 17 | €56,003 | €12,700 | -€43,303 | -77.3% |
| Financial debts | 170/4 | €56,003 | €12,700 | -€43,303 | -77.3% |
| Amounts payable within one year | 42/48 | €181,503 | €217,822 | +€36,319 | +20.0% |
| Current portion of amounts payable after more than one year | 42 | €13,272 | €10,706 | -€2,566 | -19.3% |
| Trade debts | 44 | €143,495 | €179,971 | +€36,476 | +25.4% |
| Suppliers | 440/4 | €143,495 | €179,971 | +€36,476 | +25.4% |
| Taxes, remuneration and social security | 45 | €24,244 | €1,823 | -€22,421 | -92.5% |
| Taxes | 450/3 | €24,244 | €1,823 | -€22,421 | -92.5% |
| Other amounts payable | 47/48 | €492 | €25,322 | +€24,830 | +5046.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,782 | €1,013 | -€4,770 | -82.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,297 | - | -€9,297 | |
| Other operating charges | 640/8 | €599 | €184 | -€416 | -69.3% |
| Gross operating margin | 9900 | €67,565 | €4,332 | -€63,233 | -93.6% |
| Operating profit (loss) | 9901 | €51,886 | €3,135 | -€48,751 | -94.0% |
| Financial income | 75/76B | €1,933 | €6,205 | +€4,272 | +221.0% |
| Recurring financial income | 75 | €1,933 | €6,205 | +€4,272 | +221.0% |
| Financial charges | 65/66B | €10,734 | €3,256 | -€7,478 | -69.7% |
| Recurring financial charges | 65 | €10,734 | €3,256 | -€7,478 | -69.7% |
| Profit (loss) for the period before taxes | 9903 | €43,085 | €6,084 | -€37,001 | -85.9% |
| Income taxes | 67/77 | €12,526 | €3,544 | -€8,982 | -71.7% |
| Profit (loss) for the period | 9904 | €30,559 | €2,540 | -€28,019 | -91.7% |
| Profit (loss) for the period to be appropriated | 9905 | €30,559 | €2,540 | -€28,019 | -91.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.